New Term Commitment definition

New Term Commitment has the meaning specified in Section 2.14(a).
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New Term Commitment as to any Lender, the obligation of such Lender, if any, to make a New Term Loan to the Borrower in a principal amount not to exceed the amount set forth under the heading “New Term Commitment” opposite such Lender’s name on Schedule 1.1B hereto. The original aggregate amount of the New Term Commitments is $200,000,000.
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New Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make New Term Loans, expressed as an amount representing the maximum principal amount of the New Term Loans to be made by such Lender. The initial amount of each Lender’s New Term Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its New Term Commitment, as applicable. On the First Amendment No. 1 Effective Date, the initial aggregate amount of the Lenders’ New Term Commitment was $120,000,000.
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Examples of New Term Commitment in a sentence

  • On any Increased Amount Date on which any New Term Commitments are effected, subject to the satisfaction of the foregoing terms and conditions, (i) each New Term Lender shall make a Loan to the Borrower (a “New Term Loan”) in an amount equal to its New Term Commitment, and (ii) each New Term Lender shall become a Lender hereunder with respect to the New Term Commitment and the New Term Loans made pursuant thereto.

  • Each New Revolving Credit Commitment and New Term Commitment shall be in an aggregate principal amount that is not less than $5,000,000 individually (or such lesser amount which shall be approved by Administrative Agent or such lesser amount if such amount represents all remaining availability under the limit set forth in the next sentence), and integral multiples of $1,000,000 in excess of that amount.

  • Subject to the terms and conditions set forth in this Agreement and in the applicable New Term Facility Supplement, each Term Loan Lender shall, pro rata according to that Lender’s Pro Rata Share of the relevant New Term Commitment, make Advances of the relevant New Term Loan to Borrower.

  • Subject to the terms and conditions set forth herein, on the Amendment No. 4 Effective Date, each New Term Lender agrees to fund a New Term Loan in a principal amount not to exceed such New Term Lender’s New Term Commitment as set forth on the Refinancing Term Loan Allocation Schedule.

  • On the effective date of any New Term Commitments of any Series, (i) each New Term Lender of any Series shall make a New Term Loan to the Borrower in an amount equal to its New Term Commitment of such Series, and (ii) each New Term Lender of any Series shall become a Lender hereunder with respect to the New Term Commitments of such Series and the New Term Loans of such Series made pursuant thereto.


More Definitions of New Term Commitment

New Term Commitment means, as to each New Term Lender, its obligation to make a New Term Loan to the Borrower pursuant to Section 2.01(c) on the [First Incremental Commitments Amendment Effective Date]difr [Funding Date]difa in the amount indicated on [its signature page to the First Incremental Commitments Amendment]difr [Schedule 2.01]difa, as such amount may be adjusted from time to time in accordance with this Agreement, including pursuant to Section 2.12.
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New Term Commitment is defined in Section 2.1(e).
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New Term Commitment means, as to each New Term Lender, its obligation to make a New Term Loan to the Borrower pursuant to Section 2.01(a)(ii) in an aggregate amount not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01(a)(ii) of the Original Credit Agreement as in effect immediately prior to the Second Restatement Effective Date under the caption “New Term Commitment” or in the Assignment and Assumption pursuant to which such New Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The initial aggregate amount of the New Term Commitments was $175,500,000.
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New Term Commitment means the obligation of the New Term Lender to make a New Term Loan immediately following the Amendment No. 2 Effective Date in an aggregate principal amount equal to the excess of $635,374,999.99 over the aggregate principal amount of Converted Restatement Effective Date Term Loans.
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New Term Commitment means, as to each New Term Lender, each amount set forth opposite such New Term Lender’s name on Schedule 2.01 under the caption “New Term Commitment”.
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New Term Commitment as defined in Section 2.25.
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New Term Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make New Term Loans, expressed as an amount representing the maximum principal amount of the New Term Loans to be made by such Lender. The initial amount of each Lender’s New Term Commitment is set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which such Lender shall have assumed its New Term Commitment, as applicable. The initial aggregate amount of the Lenders’ New Term Commitment is $120,000,000. Table of Contents
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